Meta Platforms Inc (NASDAQ: META) is 38.06% higher on its value in year-to-date trading and has touched a low of $274.38 and a high of $542.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The META stock was last observed hovering at around $487.40 in the last trading session, with the day’s gains setting it 1.29%.
Currently trading at $488.69, the stock is -3.27% and -0.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.21 million and changing 0.26% at the moment leaves the stock 14.58% off its SMA200. META registered 66.07% gain for a year compared to 6-month gain of 28.00%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -1.23% loss in the last 1 month and extending the period to 3 months gives it a 1.44%, and is -0.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.61% over the week and 2.81% over the month.
Meta Platforms Inc (META) has around 67317 employees, a market worth around $1239.58B and $142.71B in sales. Current P/E ratio is 28.07 and Fwd P/E is 21.10. Profit margin for the company is 32.06%. Distance from 52-week low is 78.11% and -9.97% from its 52-week high. The company has generated returns on investments over the last 12 months (24.67%).
The EPS is expected to grow by 35.98% this year.
Meta Platforms Inc (META) Top Institutional Holders
The shares outstanding are 2.21B, and float is at 2.19B with Short Float at 1.39%.
Meta Platforms Inc (META) Insider Activity
The most recent transaction is an insider sale by Olivan Javier,the company’sChief Operating Officer. SEC filings show that Olivan Javier sold 412 shares of the company’s common stock on Jul 18 ’24 at a price of $474.86 per share for a total of $0.2 million. Following the sale, the insider now owns 5971.0 shares.
Meta Platforms Inc disclosed in a document filed with the SEC on Jul 16 ’24 that Zuckerberg Mark (COB and CEO) sold a total of 1,712 shares of the company’s common stock. The trade occurred on Jul 16 ’24 and was made at $502.27 per share for $0.86 million. Following the transaction, the insider now directly holds 0.13 million shares of the META stock.
Still, SEC filings show that on Jul 16 ’24, Newstead Jennifer (Chief Legal Officer) disposed off 905 shares at an average price of $501.42 for $0.45 million. The insider now directly holds 36,035 shares of Meta Platforms Inc (META).
